作者：金杜律师事务所 King & Wood Mallesons
6 April, 2017, advised by King & Wood Mallesons (KWM), Haining Municipal People’s Government authorized the signing of Hangzhou-Haining Intercity Railway PPP Project Cooperation Agreement between Haining Transportation Bureau and Zhejiang Hanghai Intercity Railway Co., Ltd., which marked the official launch of the Hangzhou-Haining intercity railway PPP project. With a total investment of 13.611 billion yuan, the project uses a PPP model involving public and private capital. It is expected to be completed and open to traffic by the end of 2020. It is one of the first batch of national demonstration projects sponsored by the Ministry of Finance and an important part of the planned intercity railway in Zhejiang province. It is also the first PPP project invested by China Government-Enterprise Cooperative Investment Fund Co., Ltd. (“China PPP Fund”) in Zhejiang. The project is on the list of the National Development and Reform Commission’s PPP projects and is of important demonstrative significance.
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